Global Biopolymers Market 2016-2021

June 10, 2016

Research and Markets has announced the addition of the "Global Biopolymers Market: 2016-2021" report to their offering.

Biopolymers are derived from renewable biomass sources such as vegetable oil, starch, proteins and various others; and are unlike fossil fuel plastics which are manufactured from petroleum. Usage of biopolymers is an important step towards sustainable development as it helps in conservation of fossil fuels, coupled with reduction in carbon dioxide (CO2) emissions.

It's projected that the global market for biopolymers, in terms of volume, will grow from 1.8 million tons in 2015 to 2.0 million tons in 2016 at a year-on-year growth rate of 13.7%. In addition, the market is expected to grow at a five-year CAGR of 17.6% from 2016 to 2021, to reach 4.6 million tons by the end of the forecast period.

In value terms, the market is expected to grow from $4.2 billion in 2015 to $4.7 billion in 2016 at a year-on-year growth rate of 13.0%. In addition, the market is expected to grow at a five-year CAGR of 16.7% from 2016 to 2021, to reach $10.3 billion by the end of the forecast period.

The market is growing strongly in some Asian Countries, Europe and North America with strong directive for green technology revolution. Increasing government's initiative towards a green environment coupled with the growth of different application industries is set to drive the market for the particular market.